Calculate a Loan Payment for a $23,500 Loan
Loan Amount:        $
Interest Rate:        %
Length in Years:
Monthly Payment:  


  • Enter your loan amount, loan length, and length in years.
  • Common Loan lengths for cars are 3 years (36 months), 4 years (48 months), and 5 years (60 months).
  • Common Loan lengths for homes are 15 years, 20 years, 25 years, or 30 years.
  • Notice how the payment changes when the interest rate is 3,4,5,6 or 7 percent.


  • $23,500 loan for 30 years. Compare monthly payment by interest rate.
Interest Rate Monthly Payment
3.00% $99.08
3.25% $102.27
3.50% $105.53
3.75% $108.83
4.00% $112.19
4.25% $115.61
4.50% $119.07
4.75% $122.59
5.00% $126.15
5.25% $129.77
5.50% $133.43
5.75% $137.14
6.00% $140.89
6.25% $144.69
6.50% $148.54
6.75% $152.42
7.00% $156.35
7.25% $160.31
7.50% $164.32
7.75% $168.36
8.00% $172.43
8.25% $176.55
8.50% $180.69
8.75% $184.87